Fiat Chrysler to invest $1B in MI plant

FCA Spending Tax Savings On Plants $2K Bonus For U.S. Employees

That $3.5 billion investment and related actions involved production shifts at three plants in Illinois, Ohio and MI to gain capacity for the Jeep Cherokee, Jeep Wrangler and Ram Light Duty truck, as well as the introduction of three new Jeep models at plants in Ohio and MI.

Fiat Chrysler said on Thursday it would invest over $1 billion in its MI plant and add 2,500 jobs.

FCA is moving production of the next-generation Ram heavy-duty pickup truck in 2020 from Mexico to its Warren Truck Assembly Plant in MI where it will be built alongside the new Jeep Wagoneer and Grand Wagoneer.

The all-new 2019 Ram 1500 will make its debut at the North American International Auto Show in Detroit next Monday.

The move also protects Fiat-Chrysler from tariffs if the USA exits the North American Free Trade Agreement, something some negotiators and experts say looks increasingly likely.

"These announcements reflect our ongoing commitment to our US manufacturing footprint and the dedicated employees who have contributed to FCA's success", Marchionne said.

FCA CEO Sergio Marchionne says the company should adjust its manufacturing footprint to reflect "improvement in the USA business environment".

FCA Toledo Assembly Complex

Fiat Chrysler also announced it would give a $2,000 bonus to around 60,000 employees. During the 2016 presidential campaign then-candidate Donald Trump frequently attacked Ford Motor Co. and other automakers for importing vehicles from Mexico, threatening to enact a "big border tax" once elected.

Fiat Chrysler Automobiles N.V. (FCAU) reported its last quarterly earnings on 9/29/2017 where the firm reported its Actual EPS of $0.71/share against the analyst consensus estimate of $0.61/share.

Over the past 50 days, Fiat Chrysler Automobiles N.V. stock's -0.21% off of the high and 39.35% removed from the low. Cetera Investment Advisers now owns 14,074 shares of the company's stock valued at $148,000 after acquiring an additional 1,840 shares in the last quarter. That investment is also expected to be completed by 2020.

"I'm just elated at this news", Macomb County Executive Mark Hackel said.

"It's all taking off here in Macomb County", Hackel said. We are basically Ram county now.

The Jeep Wrangler Rubicon is unveiled ahead of the Los Angeles Auto Show in 2017.

"Bottom line: more jobs and more investment in our older section of the city", Fouts said in a Facebook post January 11. The Mexico plant will be repurposed to product commercial vehicles. That's where the $1 billion plant investment comes in, billed as a modernization of the MI facility.

Related News:

  • Tennessee Titans vs New England Patriots: Game Prediction

    Tennessee Titans vs New England Patriots: Game Prediction

    With Burkhead paired alongside Dion Lewis , this could be the best Patriot rushing attack since Corey Dillon's great 2004 season. DeMarco Murray already has been declared out for a third straight game for Tennessee, leaving the backfield to Henry .
    House Republicans Hitting Exits at Twice the Pace of Democrats

    House Republicans Hitting Exits at Twice the Pace of Democrats

    Senate would lead to 18 years in the House of Representatives and endless opportunities to make a meaningful impact". The 39th District now is considered a toss up by the handicapper sites after Royce's retirement announcement .
    AMC Renews 'The Walking Dead' for Season 9

    AMC Renews 'The Walking Dead' for Season 9

    But among adults aged 18-49, "How It's Gotta Be" was down four percent from season 2's "Pretty Much Dead Already". The Walking Dead has a brand new showrunner , and she's more than excited about what's to come in season 9.
  • Florida Police Officer Captures 12-Foot Python

    Florida Police Officer Captures 12-Foot Python

    The Pembroke Pines Police Department tweeted out a photo showing several officers including Cabrera holding the snake Friday. Cabrera was able to wrangle the python and take it to a police station until a licensed python remover arrived.
    As Sanctions Bite, China Trade With North Korea Plummets

    As Sanctions Bite, China Trade With North Korea Plummets

    China and Russian Federation , which both oppose the proposal for maritime interdiction, have not been invited to the summit. Responding to such concerns on Thursday, Brian Hook, the director of policy planning within the U.S.
    Canadiens' Phillip Danault hit in head by Zdeno Chara slap shot

    Canadiens' Phillip Danault hit in head by Zdeno Chara slap shot

    Danault was struck in the head by a Zdeno Chara slap shot late in the second period Saturday, and was stretchered off the ice. The incident occurred with 1:37 remaining in the second period when Chara fired a 76.5 miles per hour shot from the blue line.
  • Ellen DeGeneres Facetimes Oprah Winfrey About Their Mudslide Woes

    The 17 victims range in age from 3 to 89, all residents of the scenic coastal community northwest of Los Angeles. Another celebrity who joined Oprah in posting on social media updates on the disaster was Ellen DeGeneres .
    African Union, Others Respond To Alleged 'Shithole Countries' Comment

    African Union, Others Respond To Alleged 'Shithole Countries' Comment

    The comment "truly flies in the face of accepted behavior and practice", said Ebba Kalondo, spokeswoman for AU chief Moussa Faki. President Donald Trump repeatedly called African nations " shitholes " during a meeting with congressional leaders on Thursday .
    'This guy is a bigot,' Atlanta immigrants say of Trump's reported comments

    'This guy is a bigot,' Atlanta immigrants say of Trump's reported comments

    In a series of tweets yesterday, Mr Trump also suggested that momentum towards a deal on maintaining such protection had stalled. Cummings said in a tweet . "We will not accept such insults, even from a leader of a friendly country, no matter how powerful".
  • Iran threatens to seriously respond to United States  sanctions against judiciary head

    Iran threatens to seriously respond to United States sanctions against judiciary head

    Trump was reportedly encouraged to waive the sanctions by Secretary of State Rex Tillerson and national security advisor H.R. In a statement later Friday Trump said those who do not work with him to amend the deal are effectively siding with Iran.
    Mouth-watering contest awaits as England take on Australia in the First ODI

    Mouth-watering contest awaits as England take on Australia in the First ODI

    Yet there has been little correlation between the results of recent Ashes series down under and the subsequent one-day series. Bayliss has said since the Ashes that he will stand down when his contract expires in September 2019.

    Google Assistant Heading to Smart Displays, Headphones

    On the flip side, you better sit back to see the biggest trend - or, put another way, whatever was overkill this particular year. People can now transmit from Google Assistant their voice on handsets or voice-supported speakers such as Google Home .


Most liked

ON Semiconductor Corporation (ON) EPS Estimated At $0.37
Following the transaction, the chief financial officer now owns 181,606 shares in the company, valued at $2,148,398.98. ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide.

Trump backtracks again after first denying making 'shithole' comments
He said he hates to even be asked about it, and often says, "I am the least racist person you will ever meet". Also taking issue with Trump's reported remarks was state Sen.

Chelsea held 0-0 at home by Leicester
Leicester left West London with a well deserved point, despite having been reduced to 10 men during the second half after Ben Chilwell's dismissal.

(AAPL) Stake Lowered by Newman Dignan & Sheerar Inc
The Maine-based Spinnaker Trust has invested 0.1% in The Coca-Cola Company (NYSE:KO). (NYSE:WTW) for 22,553 shares. (NASDAQ:AAPL). Zacks Investment Research cut Apple from a "buy" rating to a "hold" rating in a research report on Monday, January 8th.

Fourth Fappening Hacker Caught by the Federal Bureau of Investigation
In some instances, Garofano traded the usernames and passwords, as well as the materials he stole from the victims, with others. The 26-year-old Garofano will likely be sentenced to up to 16 months in the federal case, according to the Hartford Courant .

Warning of ballistic missile inbound to Hawaii a 'false alarm'
The White House said in a statement that, "The President has been briefed on the state of Hawaii's emergency management exercise. Hawaiians have been told that they'll have 20 minutes to seek shelter if a missile were launched from North Korea.

Woman Arrested For Husband's Murder After 'How To Kill Someone' Search
Maypearl Police Chief Boyd Norton said that the autopsy revealed that John Garner was killed with a.38 caliber bullet. According to the Dallas News , police found Jon Garner's body on January 2 at the couple's home in Maypearl, Texas.

Twitter reacts to Nick Foles throwing the worst duck of all time
They generated just four takeaways during the first seven games of the season but have forced 14 turnovers in the 10 games since. Jaworski, though, managed to drive Philadelphia all the way down to the Falcons' 16-yard line on four pass completions.

Reprieve for Iran nuclear deal as Trump extends waivers on sanctions
He paired Friday's concession with other, targeted sanctions on Iran for human rights abuses and ballistic missile development. Britain and Germany said Friday they had taken note of Trump's latest decision and would confer with France before responding.

Big 12 Week 3 Preview: Texas Tech and Kansas
Esa Ahmad, playing his first game of the season after becoming academically eligible, chipped in 18 points in a reserve role. King played over 30 minutes in each of the last two games, and on Wednesday pulled down a game-high 12 rebounds.

Investors Catching Stocks Scorpio Tankers Inc. (STNG)
It is negative, as 53 investors sold FB shares while 618 reduced holdings. 15 funds opened positions while 94 raised stakes. Jefferies maintained Scorpio Tankers Inc. (NYSE:NOW) has "Overweight" rating given on Friday, April 1 by Piper Jaffray.

Hawaii's ballistic missile threat alert, a false alarm
Pai said the improved alerts will "lead Americans to take more seriously the alerts they receive on their mobile devices". An incoming missile alert plunged residents of Hawaii into panic on Saturday morning before it was declared to be false.

Largest wildfire on record in California, that killed 18, finally contained
The Thomas Fire sparked December 4 and has burned 21,893 acres, making it the largest wildfire in California state history. Geological Survey studied the burn area to determine its vulnerability to flash floods, mudslides and debris flows.

Patriots' Rex Burkhead (knee) not expected to play on Saturday
Their absence will put the bulk of the workload on both shoulders of Dion Lewis and James White against the Tennessee Titans. He tallied 264 rushing yards and 254 receiving yards with eight total touchdowns during the regular season.

Goodell Sells 5112 Shares of Hess Corporation (HES) Stock
Guggenheim initiated the stock with "Buy" rating in Wednesday, January 4 report. 0 analysts gave its stock an Outperform rating. It has underperformed by 31.25% the S&P500.The move comes after 8 months negative chart setup for the $17.16 billion company.